UK Income Tax
#61
Banned
Joined: Jan 2008
Location: Bowsher - foot of the mountain, head of an ass.
Posts: 264
Re: UK Income Tax
Tax is not levied on taxed income generally. It is when it is untaxed. You would not fill in a tax form whilst a (declared) non-resident - except perhaps for the year you go or return.
You should take paid advice. Professional advice that is. I only know the loopholes and will continue using them because I believe that remittances above about 5k are taxed. As they should be if you take an economists perspective come to think about it...
#62
BE Enthusiast
Joined: Dec 2007
Location: Doha
Posts: 535
Re: UK Income Tax
You would not fill in a tax form whilst a (declared) non-resident - except perhaps for the year you go or return.
Depends on your situation - I have some UK income from 'buy to lets' and investments which I receive free of tax at source and then make a tax return on them. As a declared Non-Resident, I do not have to complete details of my overseas employment on this tax return.
Depends on your situation - I have some UK income from 'buy to lets' and investments which I receive free of tax at source and then make a tax return on them. As a declared Non-Resident, I do not have to complete details of my overseas employment on this tax return.
#63
Banned
Joined: Jan 2008
Location: Bowsher - foot of the mountain, head of an ass.
Posts: 264
Re: UK Income Tax
You would not fill in a tax form whilst a (declared) non-resident - except perhaps for the year you go or return.
Depends on your situation - I have some UK income from 'buy to lets' and investments which I receive free of tax at source and then make a tax return on them. As a declared Non-Resident, I do not have to complete details of my overseas employment on this tax return.
Depends on your situation - I have some UK income from 'buy to lets' and investments which I receive free of tax at source and then make a tax return on them. As a declared Non-Resident, I do not have to complete details of my overseas employment on this tax return.
You are subject to tax on remittances to the UK from untaxed income from abroad such as in Dubai or Oman in my case though, when these exceed about 5k and if you have reached your tax free limit then the lot may be subject to tax. I assume it is at marginal rather than maximum rates.
There is going to be an overhaul of the remittance rules - doubtless unfavourable - later on this year - scheduled for April I understand. Bet you they try to deal with rolled up or deferred interest!
Anyway, we differ on the tax treatment on remittances which I'm ok with
See you later, I'm off to Inja for a month. Dodgy G&T, good food, excruciating company (mine that is).
#64
Banned
Joined: Jan 2008
Location: Bowsher - foot of the mountain, head of an ass.
Posts: 264
Re: UK Income Tax
HAHAHA nice one - you would not come back to the UK if you'd been in Sweden I think - you'd miss the taxes for one thing.!!!
#65
BE Enthusiast
Joined: Dec 2007
Location: Doha
Posts: 535
Re: UK Income Tax
References in the R & C website to tax on remitted income from overseas is with respect to UK Residents.
The issue of the amount of tax, if any, you have paid on overseas income is only relevant if you are looking for tax relief through double taxation agreements, again as a UK Resident.
All IMHO of course.
Anyway, each to their own, have a good trip to India.
#66
Re: UK Income Tax
I guess so.
References in the R & C website to tax on remitted income from overseas is with respect to UK Residents.
The issue of the amount of tax, if any, you have paid on overseas income is only relevant if you are looking for tax relief through double taxation agreements, again as a UK Resident.
All IMHO of course.
References in the R & C website to tax on remitted income from overseas is with respect to UK Residents.
The issue of the amount of tax, if any, you have paid on overseas income is only relevant if you are looking for tax relief through double taxation agreements, again as a UK Resident.
All IMHO of course.
Even if you are non-resident, income remitted to the UK can be taxable.
#67
Forum Regular
Joined: Oct 2007
Posts: 44
Re: UK Income Tax
It looks like HMRC are trying to confuse people by hiding information and then stinging them when it comes to tax returns. Does anyone know if you can go to a local tax office and arrange a meeting to discuss things, I'll see if this is possible and hopefully have the matter cleared up. I've just opened a fast food place in London, so don't want to get hurt by the tax man once I move to Bahrain.
#68
BE Enthusiast
Joined: Dec 2007
Location: Doha
Posts: 535
Re: UK Income Tax
I am just trying to establish the facts before I act - I accept I may be wrong, but can find no statement anywhere in the R & C website about Non - Residents having to pay tax on income money they send home. What is your source for this information?
#70
Just Joined
Joined: Feb 2008
Posts: 14
Re: UK Income Tax
This is a useful web page on the subject:
http://www.direct.gov.uk/en/MoneyTax...UK/DG_10026136
Also
http://www.direct.gov.uk/en/MoneyTax...UK/DG_10027480
Reading these along with SA109 I link to above, I still am of the opinion that if you are Non-Resident, you pay no tax on overseas earnings, even when you send it to the UK. I can see no references to the contrary. Indeed, if you are Non-Resident, when you compile your UK tax return you do not have to declare your overseas income and there is no route for declaring money sent to the UK from such.
Any reference to tax on money remitted to the UK is for UK Residents who have overseas income they bring in to the UK.
http://www.direct.gov.uk/en/MoneyTax...UK/DG_10026136
Also
http://www.direct.gov.uk/en/MoneyTax...UK/DG_10027480
Reading these along with SA109 I link to above, I still am of the opinion that if you are Non-Resident, you pay no tax on overseas earnings, even when you send it to the UK. I can see no references to the contrary. Indeed, if you are Non-Resident, when you compile your UK tax return you do not have to declare your overseas income and there is no route for declaring money sent to the UK from such.
Any reference to tax on money remitted to the UK is for UK Residents who have overseas income they bring in to the UK.
#71
Forum Regular
Thread Starter
Joined: Dec 2007
Posts: 158
Re: UK Income Tax
My husband phoned them and told us that sending money to the UK to pay bills was fine and wouldn't be taxed, however we don't have this in writing anywhere. The website seems to indicate to me that you are not liable for income tax, but that you may get taxed on your savings. Can anyone clarify for sure? I feel another phonecall to the tax office coming on....
#72
Just Joined
Joined: Feb 2008
Posts: 14
Re: UK Income Tax
From what i was told, any money earned wholly abroad and following the rules mentioned eariler in this thread - 183 days and full tax year etc will not be taxed. so if you bring it back then u wont be taxed (income) although there may be a customs issue. Once you put that money into a savings account, the interest earned will be taxed. this is what i was told by the stamp office.
Thank you for that. I think we'll phone the tax office again just to be sure. I'm really worried if this is not the case as we've been sending money back for ages (gulp!)
#73
BE Enthusiast
Joined: Dec 2007
Location: Doha
Posts: 535
Re: UK Income Tax
It has always been my understanding, through reading of the UK Tax Guide, tax forms SA100, SA101, SA109 etc and notes thereon, plus IR211, C1, that as a bone fide Non Resident you do not pay tax on money sent back to the UK. Naturally, when it is in an account in the UK, any interest etc is taxed, hence the attraction of off shore banks.
However, a possible proposal in this year's budget is that 'temporary' Non Residents, defined as less than 5 years Non Resident, may in future have to pay tax in these circumstances. One to watch.
However, a possible proposal in this year's budget is that 'temporary' Non Residents, defined as less than 5 years Non Resident, may in future have to pay tax in these circumstances. One to watch.
#74
Forum Regular
Thread Starter
Joined: Dec 2007
Posts: 158
Re: UK Income Tax
It has always been my understanding, through reading of the UK Tax Guide, tax forms SA100, SA101, SA109 etc and notes thereon, plus IR211, C1, that as a bone fide Non Resident you do not pay tax on money sent back to the UK. Naturally, when it is in an account in the UK, any interest etc is taxed, hence the attraction of off shore banks.
However, a possible proposal in this year's budget is that 'temporary' Non Residents, defined as less than 5 years Non Resident, may in future have to pay tax in these circumstances. One to watch.
However, a possible proposal in this year's budget is that 'temporary' Non Residents, defined as less than 5 years Non Resident, may in future have to pay tax in these circumstances. One to watch.
#75
Forum Regular
Joined: Oct 2007
Posts: 44
Re: UK Income Tax
But as Meow is an expert in this area I still have my doubts!!